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The Suspenders Division of T's Fine Menswear had the following results last year. Sales Operating income Total assets Current liabilities $5,000,000 $550,000 $1,000,000 $300,000
The Suspenders Division of T's Fine Menswear had the following results last year. Sales Operating income Total assets Current liabilities $5,000,000 $550,000 $1,000,000 $300,000 Management's target rate of return is 25% and the weighted average cost of capital is 16%. What is the Suspenders Division's Return on Investment (ROI)? OA. 11% B. 6% OC. 500% OD. 55% Click to select your answer.
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